musicman Posted March 13, 2009 Share Posted March 13, 2009 The NAACP is accusing Wells Fargo and HSBC of forcing blacks into subprime mortgages while whites with identical qualifications got lower rates. Class-action lawsuits were to be filed against the banks today in federal court in Los Angeles, Austin Tighe, co-lead counsel for the National Association for the Advancement of Colored People, told The Associated Press. Black homebuyers have been 3 Quote Link to comment Share on other sites More sharing options...
jgriff Posted March 13, 2009 Share Posted March 13, 2009 "I was blown away," said Weaver, an NAACP member. "I didn't have any choice (but to sign). ... It made me feel violated."full articleOh my god. Could they have picked a quote that didn't blow the pretext of the whole article? Quote Link to comment Share on other sites More sharing options...
Marksmu Posted March 13, 2009 Share Posted March 13, 2009 The NAACP is accusing Wells Fargo and HSBC of forcing blacks into subprime mortgages while whites with identical qualifications got lower rates.Class-action lawsuits were to be filed against the banks today in federal court in Los Angeles, Austin Tighe, co-lead counsel for the National Association for the Advancement of Colored People, told The Associated Press.Black homebuyers have been 3 Quote Link to comment Share on other sites More sharing options...
HtownWxBoy Posted March 17, 2009 Share Posted March 17, 2009 In 2004, she wanted to buy the house next door for her son to live in. She said the bank promised her a low fixed rate for a $40,000 loan, but at the closing, when reading the fine print, she noticed that the rate was actually 11 percent. Quote Link to comment Share on other sites More sharing options...
SecondTour Posted March 18, 2009 Share Posted March 18, 2009 "I was blown away," said Weaver, an NAACP member. "I didn't have any choice (but to sign). Quote Link to comment Share on other sites More sharing options...
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